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Feb 12, 2013
02/13
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he pledged to cut the deficit in half. >> yesterday i held the fiscal somewhere applies to cut the deficit in half by the end of my first term office. my administration has also begun to go line by line through the federal budget in order to eliminate wasteful and ineffective programs. gerri: did that happen? no. instead, obama average deficit of nearly three times that of his predecessor. here is another promise from 2009. >> over the next two years this plan will save or create three and a half million jobs. more than 90 percent of these jobs will be in the private sector, jobs rebuilding our roads and bridges, constructing wind turbines in solar panels, laying broadband and expanding mass transit. gerri: not a chance. instead, according to the heritage foundation, the economy is over seven and a half million jobs in the hole and don't forget obamacare. >> this budget builds on these reforms and includes an historic commitment to comprehensive health care reform, a down payment on the principle that we must have quality affordable health care for every american. [applause] it is a commit
he pledged to cut the deficit in half. >> yesterday i held the fiscal somewhere applies to cut the deficit in half by the end of my first term office. my administration has also begun to go line by line through the federal budget in order to eliminate wasteful and ineffective programs. gerri: did that happen? no. instead, obama average deficit of nearly three times that of his predecessor. here is another promise from 2009. >> over the next two years this plan will save or create...
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Mar 16, 2013
03/13
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but most of the kids who are getting treated for attention deficit disorder now don't need it. certainly the cosmetic use of these medications for performance enhancement makes no sense at all. >> does it put their heart -- it's essentially amphetamines which is a type of speed to put it in context for the audience. is it risky? >> it can cause anxiety, sleeplessness, weight loss. in some kids it causes cardiac problems. the long-term effects are largely unknown. in some kids it may provoke manic episodes. in others it could be a risk factor for substance dependence, but the medication can be remarkably useful when used well for someone who is carefully diagnosed. what's happening now though is many kids aren't carefully diagnosed and they are getting the medicine unnecessarily. >> along those lines, a little bit of history. in 1994 you were chairman of the group that wrote what's known as the dsm-4, the bible, the manual that determines the criteria for various types of disorders. since that manual came out, doctor, the diagnoses of adhd tripled. that feeds into the point that
but most of the kids who are getting treated for attention deficit disorder now don't need it. certainly the cosmetic use of these medications for performance enhancement makes no sense at all. >> does it put their heart -- it's essentially amphetamines which is a type of speed to put it in context for the audience. is it risky? >> it can cause anxiety, sleeplessness, weight loss. in some kids it causes cardiac problems. the long-term effects are largely unknown. in some kids it may...
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. >> they both worked to close the deficit. because we have the lowest tax rates over the last decade or so. in this nations history. >> it is. >> okay, let's start off with the administration wants it both ways. they have a low deficit, but at the same time they want to talk about sequester and how it's bad for the economy because they want to be spending more money. we have these big government policies trying to stimulate the economy. spending billions and billions of dollars getting us to the same point that we were a few years ago and we had 37,000 drop out of this rate alone. this is going to change. >> but one in our history was that the case? >> because nobody is working. because the economy is shrinking. it is doing nothing for the families and no one is working. >> it's not shrinking. it hasn't been shrinking. >> you're right, and that is okay. charles: we are talkinn about countries that accept as 20 years before we did. it actually might be a great warning for us but you get the last word. >> yes, the economy is in
. >> they both worked to close the deficit. because we have the lowest tax rates over the last decade or so. in this nations history. >> it is. >> okay, let's start off with the administration wants it both ways. they have a low deficit, but at the same time they want to talk about sequester and how it's bad for the economy because they want to be spending more money. we have these big government policies trying to stimulate the economy. spending billions and billions of...
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Oct 8, 2013
10/13
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the deficit is half what it was during the peak. we are spending less money this year than we spent in 2008. so there's been a lot of progress made and the idea that this is getting worse and wore worse and worse is borne out by the facts. >> speaker boehner said there will be no default. there's got to with middle ground somewhere. there's gog to be something done where either they have the continuing resolution passed, the debt ceiling raised or somethingless has to happen. what is that something else that ee going to happen that will keep us from defaulgt on our national debt? >> a simple conversation between the two sides that sees things differently. right now that's the only thing that's missing. we invite harry reid. our appointees have been sitting at the table now for over a week waiting for senate negotiators to show up and they have not yet shown up. >> and they have said they will not do that until there's a continuing resolution and a debt ceiling bill passed in the house but you're saying that's not going happen until
the deficit is half what it was during the peak. we are spending less money this year than we spent in 2008. so there's been a lot of progress made and the idea that this is getting worse and wore worse and worse is borne out by the facts. >> speaker boehner said there will be no default. there's got to with middle ground somewhere. there's gog to be something done where either they have the continuing resolution passed, the debt ceiling raised or somethingless has to happen. what is that...
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Feb 26, 2013
02/13
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the indefinite deficit will start in 2016. now worse yet workers under 35 right now well received less in benefits than they paid into social security. no silver bullet, there is one simple way we can fix this problem, raise the retirement age. congress has not changed the eighth since 1983 when it started increasing the age from 65-67. by the way, that one took effect for another ten years. even countries like italy, greece, spain are in the process of increasing their retirement ages because they face reality and we haven't. social security program was created in 1935. the man who retired at 65 was only expected to live another 13 years. women 15. at the time, only a little more than half of americans even made it to the age 65. already social security has more people than it can handle. 36 million people over the age of 65, four times greater, that is draw them back in 1935. i don't want to reverse the trend of living longer, people in washington need to face reality. people are now spending a quarter of their lives in reti
the indefinite deficit will start in 2016. now worse yet workers under 35 right now well received less in benefits than they paid into social security. no silver bullet, there is one simple way we can fix this problem, raise the retirement age. congress has not changed the eighth since 1983 when it started increasing the age from 65-67. by the way, that one took effect for another ten years. even countries like italy, greece, spain are in the process of increasing their retirement ages because...
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Jan 3, 2013
01/13
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he wanted deficit reduction and it didn't reduce the deficit at all. he keeps seeing these things and nobody holds him accountable. and i'm proud of my colleagues who voted no. and if you took every day, 3,000 years to get to one trillion. we're spending more than 10 billion dollars a day. we have to borrow 600 million a day just to pay for the interest on the national debt, we can't do t i don't want to hear about ten year projections, i want to hear about first year cut reductions. >> sean: if you want to look at the numbers, congressman chaffetz. moody's saying this will cost 600,000 american jobs. and the price tag over a decade. there are no spending cuts here, i guess the question is over the debt ceiling we're now going to have another big argument over spending, whether there will be entitlement cuts. it steams that there's got to be a shift in strategy, that we need a party that is going to stand on this platform to save america. do you think, congress, do you think that will happen, will happen and the messaging will change? >> i know it can
he wanted deficit reduction and it didn't reduce the deficit at all. he keeps seeing these things and nobody holds him accountable. and i'm proud of my colleagues who voted no. and if you took every day, 3,000 years to get to one trillion. we're spending more than 10 billion dollars a day. we have to borrow 600 million a day just to pay for the interest on the national debt, we can't do t i don't want to hear about ten year projections, i want to hear about first year cut reductions. >>...
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Aug 6, 2013
08/13
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the deficit is growing. do we have a growing deficit? is that true or false? false. republicans love the idea that our democratic president is so spend happy that he's driving up our nation's budget deficit. there's a difference between what our government takes in and what it spends is getting worse, the deficit is getting bigger that is not at all true. look, the first bar here is 2009, that's president obama's first year in office that's what he had on his hands when he came into office, what he got handed by the outgoing republican administration, then the next three bars are 2010, 2011, 2012 and the final bar, the teeny tiny one, little shorty there, you might miss it on the right, that's the projected deficit for the end of this year. notice that the bars are getting shorter? which means the deficit is getting smaller. you see when things were once long become less long, they are not growing. it's amazing, right? eric cantor, you are incorrect. next up, true or false, the city of detroit is holding an important election tomorrow for the top leadership of that g
the deficit is growing. do we have a growing deficit? is that true or false? false. republicans love the idea that our democratic president is so spend happy that he's driving up our nation's budget deficit. there's a difference between what our government takes in and what it spends is getting worse, the deficit is getting bigger that is not at all true. look, the first bar here is 2009, that's president obama's first year in office that's what he had on his hands when he came into office,...
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Apr 18, 2013
04/13
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excise taxes, 12 days for property taxes and nine days for corporate income taxes and what about the deficit? he will have to work until may 9th.
excise taxes, 12 days for property taxes and nine days for corporate income taxes and what about the deficit? he will have to work until may 9th.
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Oct 25, 2013
10/13
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deficits are so much bigger than the deficits he complained about under president george w. bush. >> going from 1 trillion to around 700 billion, thing that i guess i could stop and diet now. >> if you imagine it taking on this, it's still sinking in and this is the debt that is accumulating. every time you add the chili in dollars or whatever the number is an annual deficit, you're adding to the national debt, and we keep piling on to the total amount of debt that we owe so the long-term crisis is real and they have said that the trajectory we are on is unsustainable in the debt levels are highly unusual for a postwar period, we are on track to have about 70% of debt to gdp and you just can't keep that up. you can't keep doing that. >> a lot of folks argue that you can grow your way out of it. another internet type of boom, you needn't worry, you say don't be so foolish. >> growth helps, but them probld it is entitlement spending over the next decade or two is the primary cause of the growing debt and that is not going to be something we can grow way out of this unlike the
deficits are so much bigger than the deficits he complained about under president george w. bush. >> going from 1 trillion to around 700 billion, thing that i guess i could stop and diet now. >> if you imagine it taking on this, it's still sinking in and this is the debt that is accumulating. every time you add the chili in dollars or whatever the number is an annual deficit, you're adding to the national debt, and we keep piling on to the total amount of debt that we owe so the...
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Sep 7, 2013
09/13
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but we don't have an urgent deficit crisis. the only crisis we have is one that's manufactured in washington and it is ideological. >> we don't have an urgent deficit crisis. how many agree with that? 16.7 trillion in debt, $90 trillion in unfunded liabilities, and guess who is going to pay it all off. liz, let's talk to you. >> i'm really disappointed in the president, especially on the issue of obamacare. he said that it would decrease costs and actually, uva this year, my school this past week they came out and said that actually next year they'll have to cut $7.3 million from the uva health insurance plan because of the increased costs that come with implementing obamacare. so i'm pretty outraged that this thing that the president and congress promised would be beneficial to americans and help to decrease health care costs, are actually increasing it. and the burden of this huge debt will be on our generation. >> a democrat, notre dame. how did you ever get to notre dame? >> i worked really hard in high school. and they acc
but we don't have an urgent deficit crisis. the only crisis we have is one that's manufactured in washington and it is ideological. >> we don't have an urgent deficit crisis. how many agree with that? 16.7 trillion in debt, $90 trillion in unfunded liabilities, and guess who is going to pay it all off. liz, let's talk to you. >> i'm really disappointed in the president, especially on the issue of obamacare. he said that it would decrease costs and actually, uva this year, my school...
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Oct 14, 2013
10/13
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to get rid of that one thing that is bringing the deficit down. lou: most economy fifth public fiscal policy since 1980, in a time when we looking at unfunded liabilities and excess of $ 87 trillion, and yo unsustainabe trajectory of spending defkits and debt -- deficits and debt. they have climbed over course of two fiscal years, this is a serious business, and response to be, well, hell, let's just spend more money. is -- well i just don't understand why the republicans cannot mount a message that is compelling and persuasive to american people, i'll be dog gone, you are all operating on radio silence on the radio. >> well, i like to think we're not, i not -- mostly say host on television, do not think the way you do. and so i often say that as republicans we're always playing. lou: you didn't have to praise those other hosts on television. >> like we're always playing an away game, the crowd is cheering against us, just the way that mainstream media is. generally today, it hard to breakthrough, but it is reality, deal with battl battlefield as
to get rid of that one thing that is bringing the deficit down. lou: most economy fifth public fiscal policy since 1980, in a time when we looking at unfunded liabilities and excess of $ 87 trillion, and yo unsustainabe trajectory of spending defkits and debt -- deficits and debt. they have climbed over course of two fiscal years, this is a serious business, and response to be, well, hell, let's just spend more money. is -- well i just don't understand why the republicans cannot mount a message...
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Jul 18, 2013
07/13
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year, $642 billion in deficits this year. it seems low compared to 1 trillion plus that we have been running. the really bad news is that by the end of this decade we are going to be spending $800 billion per year just to service the debt, and our debt payments will become a huge part of national spending. people need to wake up to the fact that this is not something that we can put off forever. charles: you quibbled with the president a moment ago. did you not want him to do this sequestration? was cited you want to make you think the government should be spending money to spur the economy? should they go the other way? >> they should be spending money in strategic ways to create jobs. charles: that is ironic. >> it is not. long term. if we carry out this problem long term ingrowing a tax base and creating jobs we will spend the money now and it will come back later. we're suffering from two months short term. we relent. cut this, but in the long term he should stand his ground. charles: i have heard the speech a million and
year, $642 billion in deficits this year. it seems low compared to 1 trillion plus that we have been running. the really bad news is that by the end of this decade we are going to be spending $800 billion per year just to service the debt, and our debt payments will become a huge part of national spending. people need to wake up to the fact that this is not something that we can put off forever. charles: you quibbled with the president a moment ago. did you not want him to do this...
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it's before obama came into office the congressional budget office was forecasting the deficit would be well over a trillion dollars just based on the economic condition. we've got to think about fiscal-- >> i just go back to 2009 when president obama first came in, he was forecasting an unemployment rate that we're' way down there at 6%, that we would have a deficit of a half trillion dollars. it's just -- and a growth rate, by the way over 4 1/2%. it just hasn't happened. we can argue all day long about why it didn't happen, but it didn't happen. >> you're taking the fork made at the end of 2008. stuart: 30 seconds. >> and everybody knows it wasn't just the obama administration that was mistaken in the forecast. all the private sector forecasts were far too optimistic at that time. stuart: you know what it's like, i'm sorry, i hate to cut you off, but look, a hard break, got to go. come and see us next month. thanks very much. three days in a row, three records for the dow and all the indicators are that we will open higher again today. and you can watch it live happening here on t
it's before obama came into office the congressional budget office was forecasting the deficit would be well over a trillion dollars just based on the economic condition. we've got to think about fiscal-- >> i just go back to 2009 when president obama first came in, he was forecasting an unemployment rate that we're' way down there at 6%, that we would have a deficit of a half trillion dollars. it's just -- and a growth rate, by the way over 4 1/2%. it just hasn't happened. we can argue...
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and deficit reduction are. the good thing about america is sometimes we get to these bottlenecks and we get stuck and the sharp partisan fights but the american people pretty steadily are common sense and practical and eventually that common sense practical approach wins out. i think that is what will happen here as well. in the meantime to make the final point about the sequester, we will get through this. this is not going to be apocalypse as some people have said. it is just dumb. it is going to hurt individual people and it is going to hurt the economy overall. but if congress comes to its senses the week from now, a month from now, months from now, there is a lot of open running room for us to grow our economy much more quickly and advance the agenda of the american people dramatically. and so this is a temporary stop on what i believe is long term outstanding prospect for american growth and greatness. thank you very much. connell: sequestered days here, president obama making his case to the american peo
and deficit reduction are. the good thing about america is sometimes we get to these bottlenecks and we get stuck and the sharp partisan fights but the american people pretty steadily are common sense and practical and eventually that common sense practical approach wins out. i think that is what will happen here as well. in the meantime to make the final point about the sequester, we will get through this. this is not going to be apocalypse as some people have said. it is just dumb. it is...
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Apr 6, 2013
04/13
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the end of last year everyone was waiting to see what happened with the tax increases w deficit talks and we got over that and there was this sense of okay, things are booming, consumers are spending. if you look at the jobs numbers they haven't changed that much in the last few years. wages are not up. if you think about our consumer economy, 70% is based on consumer spending you can't have a sustained robust recovery unless people have more money to spend and that requires the unemployment rate going down so it's a chicken and egg cycle. >> greg, republicans jumped on this report, house speaker john boehner saying "the president's policies continue to make it harder for americans to find work. hundreds of thousands fled the workforce last month and unemployment remains far above what the administration promised when it enacted its stimulus spending plan." is that politics or is that fair? >> that's politics. i think, christine, that boehner and the republicans were largely responsible for the sequester and we don't know for sure how much the sequester impacted this number. it was a
the end of last year everyone was waiting to see what happened with the tax increases w deficit talks and we got over that and there was this sense of okay, things are booming, consumers are spending. if you look at the jobs numbers they haven't changed that much in the last few years. wages are not up. if you think about our consumer economy, 70% is based on consumer spending you can't have a sustained robust recovery unless people have more money to spend and that requires the unemployment...
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Mar 11, 2013
03/13
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FBC
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for deficit-reduction sake. the goal should be economic growth and job creation. rich: they will soon respond. on wednesday patty murray releases her budget, such documentaries in the senate in four years. these budget are all open positions for democrats and republicans in these negotiations over taxes and spending which has basically continued almost nonstop now for more than two years. back to you. liz: thank you very much. david: investing in student loans. find out how exactly it is done and if there is enough reward for you to take the risks. liz: later this hour investing in something else students use. car rentals. hitting a five-year high today, and the competitor avis seeing a bump. an analyst who thinks there's still room to the upside in and which ones you have to choose between the two should you have in your portfolio? all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standin
for deficit-reduction sake. the goal should be economic growth and job creation. rich: they will soon respond. on wednesday patty murray releases her budget, such documentaries in the senate in four years. these budget are all open positions for democrats and republicans in these negotiations over taxes and spending which has basically continued almost nonstop now for more than two years. back to you. liz: thank you very much. david: investing in student loans. find out how exactly it is done...
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Oct 17, 2013
10/13
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FBC
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we have 650 billion-dollar deficit and dollars we're collecting from fannie and freddie at one time. if you normalize interest rate we're over trillion dollars. maybe you could run a deficit as high as $500 billion, which means you have a $500 billion fap to close. david: let me stop you there. most of us know how bad and dire the debt situation. you say it is worth all the mess we've been through, put that in fine focus to look how bad the situation is? >> look at 10-year interest rate on the 10-year. it was 2.7. it is down to 2.6. volume at this time index is back at 13 1/2 which is extremely low. it is hard to see any real damage to our financial markets from this fight and the financial markets recognize we'll have fights over the debt ceiling but it is only way we will get compromise in a situation where mandatory spending will drive up our spending without any need to pass legislation. so that is built into the expectations of the market we'll have these bruising fights. david: okay. but so far, the one thing that is damaged, everybody agrees is damaged is the middle class. mid
we have 650 billion-dollar deficit and dollars we're collecting from fannie and freddie at one time. if you normalize interest rate we're over trillion dollars. maybe you could run a deficit as high as $500 billion, which means you have a $500 billion fap to close. david: let me stop you there. most of us know how bad and dire the debt situation. you say it is worth all the mess we've been through, put that in fine focus to look how bad the situation is? >> look at 10-year interest rate...
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Jan 2, 2013
01/13
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back over to you. >> thank you, julia. >>> now to the deficit ceiling, or the debt ceiling, not deficit ceiling. so do you cut or is it really just slowing the growth. that's a definition of cut in washington terms. >>> and investment versus salary. which faired better in the debt deal? the cliff deal. both editor robert frank is obt case. robert? >> the stocks aren't the only reasons investors are happy this afternoon. the cliff deal favors the wealthy who make their money from investments over the plane old salaried rich. we will have that coming up next. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> tomorrow a very sp
back over to you. >> thank you, julia. >>> now to the deficit ceiling, or the debt ceiling, not deficit ceiling. so do you cut or is it really just slowing the growth. that's a definition of cut in washington terms. >>> and investment versus salary. which faired better in the debt deal? the cliff deal. both editor robert frank is obt case. robert? >> the stocks aren't the only reasons investors are happy this afternoon. the cliff deal favors the wealthy who make...
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Jan 17, 2013
01/13
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it will reduce the deficit. obama care has brought the number of uninsured americans to the lowest level since 2008. however, the law would be fully implemented until 2014. it would put pressure on all insurers to lower their premiums in order to compete. it would also provide immediate relief to small businesses and the federal government and all parts of the economy. for example, former defense secretary robert gates has warned the rising -- he has warned of rising military costs for years. >> sharply rising health care costs are consuming an ever-larger share of this department. growing from 19 billion 234 in . >> military health care costs have gone up 300% in the past decade. 2012 was the first year since 1995 military personnel saw an increase in health care premiums. now, there are two things republicans love. the military and reducing the deficit. republican should be thrilled with the public option. how can you make a hundred billion dollar mistake? who's doing the math? will it save or won't it save? l
it will reduce the deficit. obama care has brought the number of uninsured americans to the lowest level since 2008. however, the law would be fully implemented until 2014. it would put pressure on all insurers to lower their premiums in order to compete. it would also provide immediate relief to small businesses and the federal government and all parts of the economy. for example, former defense secretary robert gates has warned the rising -- he has warned of rising military costs for years....
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May 19, 2013
05/13
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and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned. >>> first, here is my take. conservatives are, of course, mad at barack obama. we'll talk about the various scandals in a moment, but they're also mad at a country that isn't mad enough at him. this frustration is now taking over main stream and intelligent voices within the conservative movement and about broader issues than benghazi. brett stevens, the columnist for "wall street journal" lementes that president obama is not paying a price for a foreign policy that he, stevens, describes as isolationist. now, isolationism will come as a surprise to the diplomat soldier
and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned....
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the white house site to the improving economy for the adjustment of the deficit projections saying this year the deficit will be $759 billion of first time it has been below $1 trillion under president obama. crude-oil today down $0.8 in gold gaining $22 selling at $1,235 an ounce and treasury yields dropping with the ted year closing at 10 .6% new details about the deadly crash of flight 214 from san francisco. the focus is now on the pilot who had little experience pleading for the first time as there francisco international business oriented to the runway they crashed. first call only two fatalities among the 307 passengers and crew. it ends the impeccable run of 18 years without a fatality and more than 90 million flight hours made it one of the safest aircraft in aviation history and investigators are trying to determine what caused a small engine aircraft to crash at the alaska air corps yesterday killing all 10 aboard. the pilot of the air taxi was described as highly experienced. some news you may have missed a the weekend a tragedy in canada could be the key to breaking the pol
the white house site to the improving economy for the adjustment of the deficit projections saying this year the deficit will be $759 billion of first time it has been below $1 trillion under president obama. crude-oil today down $0.8 in gold gaining $22 selling at $1,235 an ounce and treasury yields dropping with the ted year closing at 10 .6% new details about the deadly crash of flight 214 from san francisco. the focus is now on the pilot who had little experience pleading for the first time...
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Jul 9, 2013
07/13
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why is the trade deficit still soaring? why? >> by the way, i have to get out. i can't get in. >> there's a manufacturing renaissance. >> why are we losing jobs? >> it's called energy. >> we are producing more with fewer workers. it's amazing. >> by the way, not only are we importing less and less energy, we are going to be exporting more and more energy and it will bring the trade deficit to almost nothing which will give me a strong dollar, king dollar is going to look great. the inflation rate which is now 1% will go to 0% and you'll worry about deflation. >> then we're going to start 3-d printing gold. it will plummet even faster. >> gold is about 1,000 bucks an ounce. thank you, gentlemen. we appreciate it. >>> all hail the state of south dakota. cnbc has just named it as the number one state for business in america. and the man who puts that list together, cnbc's scott cone joins us live from the foot of mount rushmore. he'll explain. hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it'
why is the trade deficit still soaring? why? >> by the way, i have to get out. i can't get in. >> there's a manufacturing renaissance. >> why are we losing jobs? >> it's called energy. >> we are producing more with fewer workers. it's amazing. >> by the way, not only are we importing less and less energy, we are going to be exporting more and more energy and it will bring the trade deficit to almost nothing which will give me a strong dollar, king dollar is...
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as well as the deficit ceiling. liz: okay. i've got to ask you because i love looking at your bio seeing that you had been the ceo of intuit which of course owns quicken. who among us at some point hasn't used quicken. what does this do to the confusion or simplification at least in a small way what people believe they will pay? some ceo's think, i just need to know what my tax rate will be. then they can proceed. now we do. >> tax certainty is really important. liz: it is huge, right? >> especially for businesses when you're trying to do multiyear planning. we have a bunch of tax certainty coming out of this bill. so i think, i think there's good news on many fronts. i will say though in terms of the tax simplicity we have not achieved that. in fact it is even more complicated. there are more ordering rules and the people at turbotax, i used to run turbotax, people at turbotax will have trouble getting their releases out in time this year. david: that is a very interesting point. the accountants love this. the turbotax folks,
as well as the deficit ceiling. liz: okay. i've got to ask you because i love looking at your bio seeing that you had been the ceo of intuit which of course owns quicken. who among us at some point hasn't used quicken. what does this do to the confusion or simplification at least in a small way what people believe they will pay? some ceo's think, i just need to know what my tax rate will be. then they can proceed. now we do. >> tax certainty is really important. liz: it is huge, right?...
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Jun 22, 2013
06/13
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they had come so far since the deficit of the recession. if there's lot of volatility and fed getting how does someone with a retirement account like that protect themselves? >> that's a very good question. 401(k) retirement plans are designed to accumulate and grow wealth. it's the investments in them assuming they have low fees and the ideas that most of the investments inside your plan are designed to grow wealth tax deferred. if you're getting closer to retirement one of the things you want to do in the market up is rebalance so you have the appropriate amount in the stock funds. since there are not a lot of places to hide -- you don't want to be in bonds when rates are rising -- it's important to save outside your 401(k) plan. that can be in cash. bank deposits pay little but that offsets the risk and the opportunity for growth that's designed to be inside your plan. that doesn't mean you get out of your plan. it doesn't mean you stop contributing. it means you save more in addition to those stock market funds. >> save more, save more,
they had come so far since the deficit of the recession. if there's lot of volatility and fed getting how does someone with a retirement account like that protect themselves? >> that's a very good question. 401(k) retirement plans are designed to accumulate and grow wealth. it's the investments in them assuming they have low fees and the ideas that most of the investments inside your plan are designed to grow wealth tax deferred. if you're getting closer to retirement one of the things...
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Oct 8, 2013
10/13
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but you still have to deal with the fact that you have the structural deficit and high unemployment and you have taxes that need to be raised. you have spending that needs to be cut. some of which has already been done. but you got a lot of things that still need to come into place here. >> last question and that is are distressed investors now starting to nstart ing to sniff around? >> they are sniffing around. when you're at the gym and the people know you're in the municipal bond business you know they are looking at it very carefully. >> some gym you go to. >> linked in, facebook and yelp all got crushed today. some traders are making big bets that the pain is about to get worse. we will tell you how much when we come right back. i love having a free checked bag with my united mileageplus explorer card. i've saved $75 in checked bag fees. [ delavane ] priority boarding is really important to us. you can just get on the plane and relax. [ julian ] having a card that doesn't charge you foreign transaction fees saves me a ton of money. [ delavane ] we can go to any country and spend mo
but you still have to deal with the fact that you have the structural deficit and high unemployment and you have taxes that need to be raised. you have spending that needs to be cut. some of which has already been done. but you got a lot of things that still need to come into place here. >> last question and that is are distressed investors now starting to nstart ing to sniff around? >> they are sniffing around. when you're at the gym and the people know you're in the municipal bond...
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Feb 28, 2013
02/13
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today, they want to cut deficits. that's fine. but they're trying to do it on the backs of the poor. that's not fine. loopholes for oil companies while slashing medicare/medicare. they're against gay marriage, but they're for voter id laws. what happened to the party of 1854? republicans sound and act like they're 159 years old today. >>> joining me now, crystal ball and abbey huntsman. thank you both for coming on the show tonight. >>> crystal, what happened to the republican party of lincoln? >> it goes back to the civil rights era in the '60s. southern white democrats abandon the party and join the republicans. republicans found out that there was this sheet that they could use, basically stoking, fear mongering: and as things progressed, using racial code words to win elections. and we've seen that. even in the past election, 2012, we saw newt gingrich talking about food stamps and the food stamp president. and we saw the rhetoric of the makers and the takers of the 47%. for the first time now, though, demographics have shifte
today, they want to cut deficits. that's fine. but they're trying to do it on the backs of the poor. that's not fine. loopholes for oil companies while slashing medicare/medicare. they're against gay marriage, but they're for voter id laws. what happened to the party of 1854? republicans sound and act like they're 159 years old today. >>> joining me now, crystal ball and abbey huntsman. thank you both for coming on the show tonight. >>> crystal, what happened to the republican...
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May 15, 2013
05/13
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that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or improved economic conditions, you drastically and very quickly lower your debt position and your deficit position. that should be the first order of business. that is really what we do first before we figure out what is our true remaining structural long-term deficit. melissa: okay, but doug, you're a numbers guy. let's do thisatively, rather than with our emotions. can the economy quantitatively grow enough to deal with paying for our promises for the entitlements and the system that we have laid out? >> no. at the heart of this are p
that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or...
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Jan 2, 2013
01/13
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i wished we received more deficit reduction. i wasn't going to allow my own immediacy concerns to push us off the cliff. something i do like good for new yorkers or other high cost of living areas. that is the increased thresholds on the income tax piece. i've been preaching two years $250,000 may make you rich in some areas of the country but not in high cost of living areas like new york, new jersey, california and elsewhere. i'm glad at the end of the day, the president agreed with that, offered that compromise and democrats and republicans on both sides of the aisle were able to support it. now, we have increased thresholds. >> for as much as the bush tax cuts were vilified by your party as budget busters, you're arguing to even let more of them be extended. our guest host made the point today they were supposed to sunset and that, you know, if you really want -- if you're really a deficit hawk, you would have let all of them expire. >> i don't think that's a viable option, particularly when we're trying to continue and stre
i wished we received more deficit reduction. i wasn't going to allow my own immediacy concerns to push us off the cliff. something i do like good for new yorkers or other high cost of living areas. that is the increased thresholds on the income tax piece. i've been preaching two years $250,000 may make you rich in some areas of the country but not in high cost of living areas like new york, new jersey, california and elsewhere. i'm glad at the end of the day, the president agreed with that,...
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Feb 17, 2013
02/13
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>> we have to make the growth deficit a priority in just the way we've been making the fiscal deficit a priority. because the truth is, we are never going to resolve the fiscal deficit in any ultimate sense in an economy that's growing at 1 or 1.2% or even 2% a year. we have to move to a focus on the growth deficit and if we do that, i think we'll be surprised at how rapidly we'll see improvement in the fiscal picture and i think we'll see a variety of -- because extra tax revenues will come in and less need to pay unemployment insurance benefits. i think we'll also be surprised at, as the economy starts to grow, businesses will be able to invest more in innovation. there's a tendency, which i think is badly wrong, to argue that we need to stop focusing on the short run and we need to focus on the long run instead. i think when we put the focus on stopping stagnation and having america be a rapid escalator, again, what we are doing is the policy that will best prepare us for the long run. >> so, what you are saying, finally, is that the whole effort of kind of the conventional wisdom
>> we have to make the growth deficit a priority in just the way we've been making the fiscal deficit a priority. because the truth is, we are never going to resolve the fiscal deficit in any ultimate sense in an economy that's growing at 1 or 1.2% or even 2% a year. we have to move to a focus on the growth deficit and if we do that, i think we'll be surprised at how rapidly we'll see improvement in the fiscal picture and i think we'll see a variety of -- because extra tax revenues will...
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Apr 10, 2013
04/13
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the deficit was still 200 billion. neil: but the boom more than offset the concerns about the deficit? >> no, it didn't. neil: that was the argument. >> that was the argument at the time but it led to very terrible legacy that deficits don't matter. cheney actually said it explicitly. the republican rank-and-file adopted it. i don't know if they really believed it but it was convenient. neil: what is worse, to build deficits based on tax cuts if that is your argument, or excessive spending? >> there is no way that --. neil: there is no red, right? >> there is no way a deficit doesn't become a tax increase sometime down the road. we are burying the next generation in debt. they will have --. neil: we're burying it with only a select few we're taxing more and half the people pay no federal incomes at all. isn't that disproportionate? >> the whole system is out of kilter. as we get down the road and finally the day of reckoning comes and we have to begin to manage this debt which is totally out of control, we're going to
the deficit was still 200 billion. neil: but the boom more than offset the concerns about the deficit? >> no, it didn't. neil: that was the argument. >> that was the argument at the time but it led to very terrible legacy that deficits don't matter. cheney actually said it explicitly. the republican rank-and-file adopted it. i don't know if they really believed it but it was convenient. neil: what is worse, to build deficits based on tax cuts if that is your argument, or excessive...
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Jun 11, 2013
06/13
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right now i'm not at all worried about deficits. but i don't think the deficit should be going up in the outyears and if you look at the projections, that's exactly what you see. you can't blame obamacare by the way. that's a mistake. i'll tell you why. if you net out the taxes, in order to -- >> i can and i will. >> larry, you're a former omb. >> i am. >> if you net out the spending and the taxes according to the congressional budget office, the affordable care act lowers the budget deficit by $100 billion over the next ten years. that's macroeconomic chicken feed. >> jimmy, help me on this. i don't have much time. >> the one thing we haven't heard, that most of the so-called terrible austerity and figures c fiscal drag is coming from tax hikes. if you're so worried, you should be calling for low aer taxes. >> we could debate it forever. all eye say is this. you limit government spending, lower marginal tax rates and that would be marginal corporate tax rates, the economy would grow twice as fast from 2% to 4%. and that would reduc
right now i'm not at all worried about deficits. but i don't think the deficit should be going up in the outyears and if you look at the projections, that's exactly what you see. you can't blame obamacare by the way. that's a mistake. i'll tell you why. if you net out the taxes, in order to -- >> i can and i will. >> larry, you're a former omb. >> i am. >> if you net out the spending and the taxes according to the congressional budget office, the affordable care act...
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Mar 13, 2013
03/13
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how could he forgot the first goal was to cut the deficit in half. now he doesn't care, he doesn't produce a budget. i bet you he spends more time filling out his march madness bracket than filling out the budget. >> greta: i think the staff filling out the budget in all fairness. i mean, i don't understand why -- i know that we have problems with continuing resolution and sequestration so there's some complexity to writing a budget, but if the house and senate can get a budget together in spite of all the stuff going on, why can't the president? >> there's no excuse. he came to the state of the union and laid out to the american public what he wanted to achieve. and that's doing a lot financially. how can he picture about wanting to achieve those if he didn't first put on paper what you can afford and what you can't. >> why doesn't he do that? what's he anything? i mean, just -- is it a gamemanship or more effective way to do it and be an executive? >> i think it's a philosophical belief he has, to take more from the taxpayer a and-- >> he could mak
how could he forgot the first goal was to cut the deficit in half. now he doesn't care, he doesn't produce a budget. i bet you he spends more time filling out his march madness bracket than filling out the budget. >> greta: i think the staff filling out the budget in all fairness. i mean, i don't understand why -- i know that we have problems with continuing resolution and sequestration so there's some complexity to writing a budget, but if the house and senate can get a budget together...
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Feb 10, 2013
02/13
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you've been worried about the deficit. what do you say to this argument that trying to reduce the deficits in europe has been a disaster? it's slowed growth, slowed tax reeve news and increased the deficit? >> let me just say i am not in favor of reducing the deficit now. the short term i am not in favor of reducing the deficit. but i do think there have to be some longer-term plans that give the financial markets some degree of confidence that we're not just going to blow apart. i think this is something on the longer term which is what bowles-simpson was all about, something which i favored totally. so i think that was a combination of including longer-term control over some of our big expenditures, particularly in health care. and that is something we have to do. i think the president could get some things if, in fact, he addressed some of these longer term issues but he walked away from that and there's no confidence that he really cares about it. >> let's talk about common -- noneconomic things. i would have thought y
you've been worried about the deficit. what do you say to this argument that trying to reduce the deficits in europe has been a disaster? it's slowed growth, slowed tax reeve news and increased the deficit? >> let me just say i am not in favor of reducing the deficit now. the short term i am not in favor of reducing the deficit. but i do think there have to be some longer-term plans that give the financial markets some degree of confidence that we're not just going to blow apart. i think...
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Jul 25, 2013
07/13
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it is good that we have brought the deficit down and are on the path to manageable deficits. however, it matters how you do it, and what the president's been for is a progrowth, projobs, promiddle class fiscal policy. that mines three things. yes, you have fiscal discipline, but you have it more in the long term when your addressing our long term challenges. in the immediate term, you invest more in infrastructure, in fixing deferred marnt nens. and you, of course, make sure we have room to invest in things that matter. what the house republicans are doing is they turn all of that on its head. they do nothing with the sequester to deal with the long term. they freeze the investments we need in education and research that are critical to our future. and then at the same time, they do a contraction airy policy that the independent cvo believes is costing our economy 750,000 jobs. so -- >> gene, let me ask you this. >> you want a balanced progrowth, promiddle class policy. the republicans want just the opposite of that. >> the most single consequential decision the president wil
it is good that we have brought the deficit down and are on the path to manageable deficits. however, it matters how you do it, and what the president's been for is a progrowth, projobs, promiddle class fiscal policy. that mines three things. yes, you have fiscal discipline, but you have it more in the long term when your addressing our long term challenges. in the immediate term, you invest more in infrastructure, in fixing deferred marnt nens. and you, of course, make sure we have room to...
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Mar 8, 2013
03/13
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while deficit increased military -- >> well this decreased the deficit at -- >> well, the president taking credit -- certainly for many, many years now, people saying the recover is not strong enough. he is due credit. but what is more important the need for the president and opponent in congress to work together. i want to see them work on tax reform. i want it see them work on dy g dialling back the cuts so it doesn't impact job growth and infrastructure spending. it is time for them to find a way to come together and the time for gripe has long ended. i think the american people are unified in saying that. >> maybe favorable signs the president did good out to dinner the other night with a bunch of gop senators and had lunch with paul ryan, the republican vice president shl nominee. thank you. great as always to see you. see you next time. >>> jim cramer says it best. bears make money. bulls make money. piggest get slaughtered. but this pig surfs. his name is zoro. one of my best friends is named zoro. he has been surfing over a month, this piggy. in record territory, we brought you a s
while deficit increased military -- >> well this decreased the deficit at -- >> well, the president taking credit -- certainly for many, many years now, people saying the recover is not strong enough. he is due credit. but what is more important the need for the president and opponent in congress to work together. i want to see them work on tax reform. i want it see them work on dy g dialling back the cuts so it doesn't impact job growth and infrastructure spending. it is time for...
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Jan 2, 2013
01/13
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they haven't taken any of the tough deficit reduction measures. the lawmakers, the lead negotiators really do not like each other. that's only going to increase and you see now folks already starting kind of fiscal cliff 2.0 with the debt ceiling, the environment's only going to get more toxic. >> two we sif things you brough brinkmanship and that was there. we all saw that, go down to the wire. but in terms of the increased leverage from republicans, walk us through that, as to how you get to that point. >> sure. well, really, so, the question is, was the republicans supporting the biden-mcconnell deal a retreat? they sort of took the threat of middle class tax hikes off the table and they've taken a new hostage around the debt ceiling where they can really demand the spending cuts and entitlement reforms that they didn't get the first time around. not only is the debt ceiling a hostage, you also have the sequester trigger coming up again. and you also have a potential government shutdown on march 27th. so, it's sort of a trifecta of hostages tha
they haven't taken any of the tough deficit reduction measures. the lawmakers, the lead negotiators really do not like each other. that's only going to increase and you see now folks already starting kind of fiscal cliff 2.0 with the debt ceiling, the environment's only going to get more toxic. >> two we sif things you brough brinkmanship and that was there. we all saw that, go down to the wire. but in terms of the increased leverage from republicans, walk us through that, as to how you...
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Jun 28, 2013
06/13
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those that run a large deficit india, brazil. but that they have the deficit over the last decade with easier liquidity flowing from the u.s. but now that the institutions are risk averse the central bank will think about tapering down and what is going on line is the liquidity to perform. cheryl: and the contrary in in me says it is said great time to buy with the atf. >> it is not a great time for passive investing in the emerging market. you have to pick your spot. 80 percent of the population are 35 percent of the global economy and they are diverse countries with different cycles and this is generalized but i think it is the wrong thing to do. the last decade the rising tide of global liquidity lifted all the markets but that is running out and now you have to pick your spot. cheryl: i know you have the book and i will say this that morgan stanley is the investment firm and a bank out in active in the markets. head of emerging markets of course, for morgan stalemate thank you for being here. closing bell we now have 17 minut
those that run a large deficit india, brazil. but that they have the deficit over the last decade with easier liquidity flowing from the u.s. but now that the institutions are risk averse the central bank will think about tapering down and what is going on line is the liquidity to perform. cheryl: and the contrary in in me says it is said great time to buy with the atf. >> it is not a great time for passive investing in the emerging market. you have to pick your spot. 80 percent of the...
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Jul 24, 2013
07/13
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i think, look, with the deficits coming down faster than they have come down, great. let's not go overboard with it, and for some of these things like in the sequester, they did this in the goofiest least thought through way possible, if we can fix that. i think it's worth fixing. >> let me ask you about next year's economy, a although of economists believe that the economy will pick up in the second half of this year and next year. in fact, ben bernanke thinks that. that is probably why he is going to slow down bond purchases. and austin does not agree wit and the president agrees with him. what is your take, if the spending cuts stay in place, in the sequester stays in place. if they have more spending cuts because of the debt ceiling, will that grow next year's economy faster? >> yes, it will, but let me say, i do agree with austin. the sequester is a meat axe approach, it did not mean we should not cut spending, we should cut it in the least useful programs. that i agree with. anyone that said, that increase in government spending at this stage will stimulate the
i think, look, with the deficits coming down faster than they have come down, great. let's not go overboard with it, and for some of these things like in the sequester, they did this in the goofiest least thought through way possible, if we can fix that. i think it's worth fixing. >> let me ask you about next year's economy, a although of economists believe that the economy will pick up in the second half of this year and next year. in fact, ben bernanke thinks that. that is probably why...
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Apr 12, 2013
04/13
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>> president obama talks constantly about a grand deficit, and come together for a big budget plan. look at the budget proposal. he hammers certain tax treatment in the code to raise revenue for his deficit reduction plan, but is the country hanging in the that lance because of flavored vodka? the answer is no. what you look at is a budget plan that introduced more complexity to the tax code, not less, in order to fund government, not to do anything about debt and deficit. melissa: does it fund more government because with the lot of these, they don't generate that much revenue. they are good for headlines and for getting people rile up, but they don't generate revenue. >> exactly, the other thing about the budget that includes taxes like taxes op tobacco and that sort of thing. it's a shrinking base. they are taxes that when applied, excise tax when applied to a good, there's less because people buy less. that's a shrinking base. same with the rest of the taxes in this budget. you know, it's an interesting concept. the president continues to talk about unhealthy habits, you know, a
>> president obama talks constantly about a grand deficit, and come together for a big budget plan. look at the budget proposal. he hammers certain tax treatment in the code to raise revenue for his deficit reduction plan, but is the country hanging in the that lance because of flavored vodka? the answer is no. what you look at is a budget plan that introduced more complexity to the tax code, not less, in order to fund government, not to do anything about debt and deficit. melissa: does...
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the numbers today are living short of terrific. $7 trillion in deficits over the next ten years. is coming after we raise 600 billion in taxes. what does the president say? well, let's not do the spending cuts, which we are counting on to keep it down to 7 trillion. instead to raise taxes, which we already proven does not solve the problem. you have to have a pretty good sense of humor to like it that seriously. lou: and to look at you have to have a pretty good sense of humor to put this in context of the history of this president and fiscal issues. does not pose for the budget. the senate has not passed one commend the president of the united states said this back in 2011. november 41st. already, he said, some in congress are trying to undo these automatic spending cuts, much like he did today at 115 eastern time. my message to them back in 2011, no, i will be there through any effort to get rid of automatic spending cuts to domestic and defense spending said the break president at that point. your reaction? >> that was president obama circa 2011. candid obama in a debate set s
the numbers today are living short of terrific. $7 trillion in deficits over the next ten years. is coming after we raise 600 billion in taxes. what does the president say? well, let's not do the spending cuts, which we are counting on to keep it down to 7 trillion. instead to raise taxes, which we already proven does not solve the problem. you have to have a pretty good sense of humor to like it that seriously. lou: and to look at you have to have a pretty good sense of humor to put this in...
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Jul 10, 2013
07/13
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why that will boost the economy and cut the deficit. adam: we are guessing that lou dobbs has a little to say about this. adam: walmart is threatening to walk. possibly canceling plans to build in the nations capital. lori: let's head to the floor of the new york stock exchange. market turning down here as we wait for the feds minute release. even if it were to post again today and be higher than yesterday, it is another record-setting day. we are watching oil which is a key story today. i am watching hewlett-packard very closely. this was a real ladder last year. the analysts are doing 180s as well. citigroup now put a buy rating on hewlett-packard. this comes on the heels of green yesterday. this is why they are turning around. adam: thank you very much. breaking news. crude oil. phil flynn of price futures group is in the trading pits of this cme. >> i would call it a stunning drop in supplies. not only do you have the heating of tensions in the middle east and you have surging demand in the united states. everybody thought in americ
why that will boost the economy and cut the deficit. adam: we are guessing that lou dobbs has a little to say about this. adam: walmart is threatening to walk. possibly canceling plans to build in the nations capital. lori: let's head to the floor of the new york stock exchange. market turning down here as we wait for the feds minute release. even if it were to post again today and be higher than yesterday, it is another record-setting day. we are watching oil which is a key story today. i am...
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Dec 4, 2013
12/13
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you have to be creative about how you drive down their catch throw deficit. but the way to do it, and tragically the bankruptcy court can't order the state to kick in a little money, to put back the $47 million they paid, that's the way to do it. so -- >> so if they wanted to reinstate that revenue sharing they took away, you could create a cash flow to get their head above water? >> yes, and you could do it that way ininstead of bankruptcy. >> when you look at the number of bills passed by the house and the paltry number of bills passed by the senate you can see where the problem is. >> yes, we can. and we'll talk about it next. hey wayne, quick question... did you try restarting it? no, not that. i was thinking about getting a tablet as a gift... verizon has tablets. they got a lot of them? accessing brain information... yes, they have a lot to choose from. did you really just... and now you can get $100 off any tablet. thanks, wayne. save like never before on any tablet at verizon now. get $100 off any tablet. plus trade in your old tablet for up to $150 o
you have to be creative about how you drive down their catch throw deficit. but the way to do it, and tragically the bankruptcy court can't order the state to kick in a little money, to put back the $47 million they paid, that's the way to do it. so -- >> so if they wanted to reinstate that revenue sharing they took away, you could create a cash flow to get their head above water? >> yes, and you could do it that way ininstead of bankruptcy. >> when you look at the number of...
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to pay down the deficit. and it should be used to potentially make our businesses more competitive. now, i think, is balanced mix of spending cuts and tax reform is the best way to finish the job of deficit reduction. the overwhelming majority of the american people, democrats and republicans, as well as independents, have the same view. and both the house and senate are working towards budget proposals that i hope help reflect this balanced approach. having said that, i know that having a full budget may not be finished before march 1. unfortunately, that is the date my fear is a powerful automatic cuts also known as the silk was sure are scheduled to take effect. if congress cannot act immediately on a bigger package -- i believe they should at least pass a smaller package of spending cuts and tax reforms that would delight the damaging effects of the sequester for a few months. there is no reason that the jobs of thousands of americans who work in national security or education or clean energy, not to ment
to pay down the deficit. and it should be used to potentially make our businesses more competitive. now, i think, is balanced mix of spending cuts and tax reform is the best way to finish the job of deficit reduction. the overwhelming majority of the american people, democrats and republicans, as well as independents, have the same view. and both the house and senate are working towards budget proposals that i hope help reflect this balanced approach. having said that, i know that having a full...
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Dec 18, 2013
12/13
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but how significant of a factor do you think there will be in helping democrats to overcome a 17-seat deficit to retake the house? >> in both cases, there's a chance the democrats could pick up the seats in iowa and virginia. but really what the retirement signal is that folks that have been in congress now for, you know, more than ten years, risen through the ranks don't really see incentive to stick around anymore. latham and wolf used to work for the house appropriations committee. it's not controlled by a bunch of tea party guys that don't put a lot of value in seniority. >> turning to the senate where the report is to pass the budgets, senator mccain called republicans who plan to vote no on the bill lacking intellectual integri integrity. where is there such a disconnect now? >> the one big concern among those republicans opposed to this is the fact that military retirees, folks who put in a considerable amount of time in the service and retiring maybe in their mid 40s are going to see a slight decline in the cost of living adjustments until they hit their 60s again. they argue these ar
but how significant of a factor do you think there will be in helping democrats to overcome a 17-seat deficit to retake the house? >> in both cases, there's a chance the democrats could pick up the seats in iowa and virginia. but really what the retirement signal is that folks that have been in congress now for, you know, more than ten years, risen through the ranks don't really see incentive to stick around anymore. latham and wolf used to work for the house appropriations committee....